A Study of the Indian Automobile Industry's Strategic Sourcing from a Risk Management Perspective

Abstract

The national economy is supported by the automobile industry. The sustained growth of the economy and social economy is facilitated by the efficient operation of the automotive supply chain. As a result, the supply chain team and strategic sourcing team collaborated to reduce supply chain risks. The study was conducted to learn more in-depth information regarding strategic sourcing and MUNJAL AUTO INDUTRIES Limited's level of risk management. This research examines the supply chain risk concerns of MAI LIMITED and examines how well the supply chain team manages various risks, such as those related to natural disasters, geopolitics, infrastructure outages, supplier business rules and practices, etc. The information was gathered using a standardized questionnaire. To derive findings, appropriate statistical tools have been utilized. ANOVA, correlation, and percentage analysis were employed as statistical methods. Based on the information gathered from them, the company is given the conclusion and recommendations. The SPS software receives the collected data (SPSS). The SPSS is used to analyze the data. Descriptive statistics, chi-square analysis, and factor analysis-test are used to analyze the data.